Can I retire at age 60 with 18,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $18,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$1,502,939$1,489,552$1,476,490$1,463,742$1,451,294$1,439,735
2 years$744,029$730,172$716,743$703,722$691,092$679,441
3 years$491,092$477,176$463,780$450,882$438,457$427,074
4 years$364,649$350,775$337,513$324,835$312,711$301,684
5 years$288,802$275,012$261,924$249,504$237,718$227,079
6 years$238,255$224,568$211,674$199,531$188,098$177,861
7 years$202,163$188,592$175,902$164,045$152,974$143,143
8 years$175,107$161,658$149,179$137,613$126,907$117,482
9 years$154,074$140,752$128,487$117,216$106,874$97,853
10 years$137,258$124,066$112,018$101,041$91,062$82,440
11 years$123,508$110,449$98,619$87,936$78,316$70,086
12 years$112,059$99,133$87,522$77,132$67,867$60,022
13 years$102,378$89,587$78,195$68,096$59,182$51,712
14 years$94,087$81,432$70,259$60,448$51,878$44,776
15 years$86,908$74,390$63,434$53,909$45,678$38,932
16 years$80,633$68,251$57,512$48,270$40,370$33,971
17 years$75,102$62,857$52,334$43,370$35,795$29,731
18 years$70,190$58,083$47,774$39,085$31,827$26,088
19 years$65,801$53,830$43,735$35,317$28,368$22,942
20 years$61,856$50,022$40,138$31,986$25,339$20,215
21 years$58,291$46,593$36,919$29,029$22,676$17,841
22 years$55,055$43,493$34,027$26,394$20,325$15,769
23 years$52,104$40,678$31,417$24,038$18,245$13,956
24 years$49,403$38,113$29,056$21,924$16,399$12,364
25 years$46,922$35,767$26,912$20,022$14,757$10,965
26 years$44,636$33,615$24,959$18,307$13,292$9,733
27 years$42,523$31,636$23,177$16,757$11,984$8,646
28 years$40,564$29,810$21,546$15,353$10,814$7,685
29 years$38,743$28,123$20,050$14,079$9,764$6,835
30 years$37,047$26,559$18,676$12,921$8,823$6,082
31 years$35,464$25,107$17,411$11,867$7,977$5,415
32 years$33,982$23,756$16,245$10,906$7,215$4,823
33 years$32,594$22,498$15,168$10,029$6,530$4,297
34 years$31,289$21,323$14,172$9,228$5,912$3,830
35 years$30,062$20,224$13,250$8,494$5,355$3,415
36 years$28,906$19,196$12,395$7,823$4,852$3,045
37 years$27,815$18,231$11,601$7,208$4,397$2,716
38 years$26,783$17,326$10,864$6,644$3,987$2,423
39 years$25,807$16,476$10,179$6,126$3,615$2,162
40 years$24,882$15,675$9,540$5,650$3,279$1,930
41 years$24,005$14,921$8,946$5,213$2,975$1,722
42 years$23,171$14,211$8,392$4,811$2,699$1,538
43 years$22,379$13,540$7,874$4,441$2,450$1,373
44 years$21,624$12,906$7,391$4,101$2,224$1,226
45 years$20,905$12,307$6,940$3,787$2,019$1,095
46 years$20,220$11,741$6,518$3,498$1,833$977
47 years$19,565$11,204$6,124$3,232$1,664$873
48 years$18,940$10,696$5,755$2,986$1,511$780
49 years$18,342$10,214$5,409$2,760$1,373$696
50 years$17,770$9,757$5,085$2,551$1,247$622

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $18,200,000, adding $6,998 every year, while hoping to spend $42,767 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/20/20 Blend
59$18,200,000$18,200,000$18,200,000$18,200,000
60$20,063,618$19,099,018$18,816,918$21,161,935
61$22,064,604$19,989,367$19,401,781$22,796,769
62$24,268,256$20,921,908$20,004,804$24,574,227
63$26,695,203$21,898,666$20,626,549$26,512,478
64$29,368,173$22,921,760$21,267,598$28,627,114
65$32,312,212$23,993,413$21,928,549$30,935,286
66$35,554,921$25,115,953$22,610,018$33,455,861
67$39,126,713$26,291,825$23,312,644$36,209,590
68$43,061,101$27,523,587$24,037,080$39,219,306
69$47,395,015$28,813,925$24,784,005$42,510,131
70$52,169,152$30,165,653$25,554,114$46,109,707
71$57,428,356$31,581,720$26,348,127$50,048,453
72$63,222,044$33,065,220$27,166,785$54,359,846
73$69,604,672$34,619,395$28,010,852$59,080,731
74$76,636,249$36,247,646$28,881,116$64,251,662
75$84,382,901$37,953,535$29,778,388$69,917,277
76$92,917,499$39,740,800$30,703,506$76,126,715
77$102,320,344$41,613,359$31,657,333$82,934,072
78$112,679,924$43,575,319$32,640,759$90,398,903
79$124,093,753$45,630,987$33,654,701$98,586,776
80$136,669,288$47,784,877$34,700,106$107,569,886
81$150,524,943$50,041,724$35,777,947$117,427,722
82$165,791,210$52,406,491$36,889,231$128,247,816
83$182,611,887$54,884,383$38,034,994$140,126,552
84$201,145,437$57,480,855$39,216,304$153,170,072
85$221,566,484$60,201,630$40,434,263$167,495,266
86$244,067,461$63,052,705$41,690,006$183,230,864
87$268,860,425$66,040,370$42,984,704$200,518,640
88$296,179,061$69,171,221$44,319,564$219,514,739
89$326,280,886$72,452,171$45,695,830$240,391,141
90$359,449,681$75,890,473$47,114,786$263,337,268
91$395,998,171$79,493,728$48,577,753$288,561,761
92$436,270,971$83,269,908$50,086,095$316,294,436
93$480,647,849$87,227,372$51,641,217$346,788,438
94$529,547,301$91,374,884$53,244,569$380,322,617
95$583,430,508$95,721,636$54,897,645$417,204,143
96$642,805,688$100,277,264$56,601,984$457,771,390
97$708,232,892$105,051,874$58,359,175$502,397,111
98$780,329,293$110,056,063$60,170,853$551,491,944
99$859,775,012$115,300,940$62,038,708$605,508,265
100$947,319,536$120,798,159$63,964,477$664,944,440